Speaker wants NYC to double its spending on affordable housing

Speaker wants NYC to double its spending on affordable housing

In her first State of the Metropolis speech, New York Metropolis Council Speaker Adrienne Adams on Sunday proposed spending an additional $4 billion within the subsequent fiscal 12 months to construct and protect affordable housing, practically doubling the quantity proposed by the mayor.

Many New Yorkers don’t have any entry to housing and people who do spend a disproportionate quantity of their incomes on lease, Adams mentioned earlier than an viewers assembled at York Faculty in Jamaica, Queens.

“The foundation of health for every neighborhood in our city is safe and stable housing,” Adams mentioned to applause.

Adams grew to become the primary Black Metropolis Council speaker in January when her colleagues elected her to be their chief.

In her tackle on Sunday laying out her imaginative and prescient for New York Metropolis, the speaker additionally touched on rising entry to meals and parks, increasing financial alternatives, lowering violence and enhancing New Yorker’s bodily and psychological well being.

Sitting within the entrance row inside the varsity, a part of the Metropolis College of New York system, was Mayor Eric Adams, no relation to the speaker. They’re leaders of two branches of metropolis authorities that may negotiate and resolve how to spend practically $1 trillion of taxpayers’ cash by June thirtieth.

Within the mayor’s government price range proposal, made public in April, he mentioned he needed to spend roughly $22 billion on housing over the subsequent 10 years, which housing advocates mentioned labored out to be a median of about $2 billion a 12 months, far in need of the $4 billion a 12 months the mayor promised on the marketing campaign path.

Charles Lutvak, a spokesperson for the mayor, on Sunday referred to a remark the mayor made in April.

“We’re going to continue to evaluate during these tough fiscal times and work with our housing advocates and partners in government to get this right,” the mayor mentioned earlier.

Of the $4 billion addition to town’s capital price range, the speaker mentioned she wants to direct $2.5 billion to the Division of Housing Preservation and Growth and $1.5 billion to New York Metropolis Housing Authority, a public improvement company that gives housing to low-income and moderate-income residents within the 5 boroughs.

Rachel Charge, government director of the New York Housing Convention, mentioned if town wants to make “meaningful” progress towards addressing the housing disaster, it should spend no less than $4 billion a 12 months in its capital price range on affordable housing.

“Every day New Yorkers are struggling to keep up with rising rents and are counting on their elected officials to capitalize on a critical moment to re-imagine the next decade of housing policy,” Charge mentioned.

The speaker additionally mentioned her members will prioritize creating extra supportive housing, a sort of affordable housing with onsite companies that assist previously homeless, and others handle their lives and get again on their toes.

“There is no path to address homelessness if we don’t increase affordable housing,” she mentioned. “Supportive housing should increasingly be the solution for those experiencing challenges with homelessness, mental health, and re-entry from the justice system.”

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